can I still make an offer on pending sale
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- The truth is, that’s not always the case. “Sale pending” can mean a few different things, depending on how a local market or a real estate agent works. Here’s what you need to know to decide if a “sale pending” home is still worth pursuing.
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What Does Active Short Sale Contingent Mean? The accepted short sale offer is simply contingent on the bank's approval. Because this status confuses MLS users, some listing database services changed their procedures to allow another status for these types of short sales; they are now better defined as pending short lender approval..
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- No, because the only way to make a counteroffer is to respond to an offer. So the limit is 3 offers and 3 counteroffers. Think about this. Seller counter offers the buyer. So if buyer cannot make a counter offer, the seller cannot either. No. In your example it is clear that the seller wants $475. The buyer either needs to accept the last counter, decline it, or move on. The seller could always end that listing and relist at $450 if they want to sell it at that price to that buyer.
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- Is there a limit to how many times a buyer can make a Best Offer? Buyers can usually make up to three offers per item. Some categories may allow more or fewer offers. For example, eBay Motors listings allow up to 10 offers per item.
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- A pending status means there has been an offer accepted on the home and the buyer is in the process of working with a lender to finance the property. An option pending status means the buyer is in the proces of having the home inspected and can still change their mind on purchasing the home. I would love the opportunity to help you find a home.
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- 1 You don’t have any contingencies. 2  If you have a home to sell before you can close on the purchase of the short-sale property—or you need to be in your new home by a certain time—a short sale may not be for you. 3  Lenders like no-contingency offers and flexible closing terms.efore you make an offer, it pays to know a little about the seller's situation. If a home is being sold for below what the current seller owes on the property—and the seller does not have other funds to make up the difference at closing—the sale is considered a short sale.
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"What does ""pending"" mean in real estate?" A home that is set to close and all contingencies have been waived. This is when the lender, the escrow agent or attorney will process the loan and title documents to make sure the deal will close on time. Sometimes, the sellers may still accept backup offers on pending listings, but it's best to contact to your agent to find out if it's possible to submit this type of offer.
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Contingencies can come with release clauses If the wife makes an offer contingent on her husband's seeing and approving the property, the seller might want a release clause to be in effect until the husband approves the property. Or, if the sellers are selling contingent on finding a replacement property of their choice, the buyers may want a release clause.owever, a listing that is pending release might present an opportunity for a buyer who can make a contingency-free offer. Make sure your agent shows you listings that are pending release. Contingent sale buyers would rather not have a release clause because it increases the vulnerability of their contract.
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What Options Do I Have If the Buyers Delay a Closing? Extend with a Per Diem. You can grant an extension, but charge a modest fee for each day closing is postponed. This tells the buyer you’re committed to closing the sale, but you take the contract and its deadlines seriously.
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"What does ""option pending"" mean on a real estate listing?" In our MLS. that means that a contract has been accepted and is binding. The buyer has paid for an option period so they can have inspections done and back out if they feel they need to. That option to back out is what they call option pending. In some areas they call it pending with no mention of the option and in other areas they call it active option (but there is still a binding contract in place). glenn · 8 years ago.
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- Best Answer: well your offer should have had an expiration date on it so you should expect a reply by then. Most respond in 24 hours. If a bank owned property or a short sale then it can be a lot longer. Source(s):
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Before Submitting a Home Offer, Make Sure All Your Bases Are Covered Settlement date and possession. The sale should be made subject to a settlement date and when you will be entitled to take physical possession of your new home. Settlement usually correlates with the length of time that's required for a title search and mortgage approval -- typically 45 days to 60 days.f your purchase of this house is contingent on the sale of another, this should be carefully stated. Response time limit. Your contract should require the seller to accept the offer in writing within a certain time -- usually no more than 48 hours -- or the offer will be void.
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- Look for the Buy It Now or Best Offer icon in the search results or a Make offer button on any item's description page. You can also visit our Advanced Search page or use the Search options section to find Best Offer listings.f the item is still available, you can submit a second offer to the seller. Ideally, you should submit an amount that's higher than your initial offer. Keep in mind that you have five chances to make an offer to the seller.
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Home Buying Timeline: From Offer to Purchase Contract Talk to a Lawyer. Enter Your Zip Code to Connect with a Lawyer Serving Your Area. After you've made an offer to buy a house, the seller will accept your offer, make a counteroffer with one or more changes, or reject the offer outright. We'll describe here how this will all play out.
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- 1 How long the offer will be open. 2  It’s best to limit the seller to not more than 48 hours to respond to your offer, to keep the seller from waiting for better bids from other buyers. 3  The date the sale will be finalized (“ closed “) and the date you’ll move in.
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- To understand what “sale pending” means, it helps to understand how a basic real estate transaction works. A buyer generally makes an offer “subject to” or “contingent upon” a property inspection, a bank appraisal or full loan approval.
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- Homes with a Make Me Move® price indicate the amount the owner(s) would be willing to sell for. They are exclusive to Zillow and a great way to learn about homes before they hit the market. A pending listing means a seller has accepted an offer from a buyer. In some cases, the seller will accept backup offers.
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Help--have an offer contingent on buyer's house selling Help--have an offer contingent on buyer's house selling. We just got an offer on our house that is the highest we ever had (we are obviously not going to be able to sell it for the price we paid in 2004) but it is contingent on the buyers selling their house many states away.
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Option Pending vs Pending continue to show This is usually 7-14 days. The seller has no right to terminate the contract during this period...only the buyer. PS-Pending Continue to Show means it is under contract but the seller is still allowing showings for back-up. It does not mean that the contract is any less solid than a property listed as 'Pending'. P-Pending is under contract but not encouraging back-up showings. Usually the choice of 'P' over 'PS' has more to do with the listing agent's SOP than with the property itself. Many foreclosure agents simply mark the property as 'P' when it's under contract.
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What can we help you with? If the merchant refuses, we may be able to help you dispute the transaction. I saw a pending transaction, but now it's gone and the transaction isn't showing at all. Usually transactions post before the pending transaction expires. However, the merchant may not claim the funds before the pending hold is released.
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what does it mean when the status of the house is pending? is that mean the house is not for sale anymore? When a house is listed as pending, that means that a buyer has already submitted a contract and is currently off the market until their loan closes. If for some reason the buyer is unable to close, then the home will be placed back as active.
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- Learn more. 1  Only showing 500 homes. 2  These properties are currently listed for sale. 3  Properties that may be coming to the market soon but are not yet found on a multiple listing service (MLS). 4  A pending listing means a seller has accepted an offer from a buyer.
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What Does a Pending Status on a House Mean? A pending sale typically involves contingencies -- conditions a seller and buyer must meet to complete the transaction. Buyers typically include a financing condition, an appraisal contingency for property value property, and investigation contingencies, such as title searches and inspections.
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counter offer The original offer is dead, despite the shorter time for payment since the price is lower. Seller then can choose to accept at $140,000, counter again at some compromise price, reject the counter offer, or let it expire. (See: offer, contract). 1  Facebook.
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- Payments to some eBay sellers may be shown as pending in your PayPal account, and may not be available for a period of time to allow for successful fulfillment. Common reasons your funds might be pending. These are the most common reasons your funds would be unavailable for a period of time: 1  You're a new seller or have limited selling history, which means you have not yet met all of the following criteria: It's been more than 90 days since your first successful sale. You've made more than 25 sales transactions.
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Active Status? Pending Status? Listings with the status “pending release” (status 2) or “pending continue to show” (status 3) that state “no more offers” or “no more showings” are incorrectly classified. If the property is not available to show or not accepting offers, the status should be “pending no show” (status 4). A list of the different statuses and their uses can be found on the MLSListings Portal and below. Active – Valid listing contract exists and no offer has been accepted. Pending with release, continue to show (PR) or (Pend w/Rls) – Accepted offer on the property, and a release, “escape” or “kick-out” clause exists in a purchase contract that allows one party to withdraw under certain circumstances.